Question

Identify the incorrect option from the statement given below:

a. Credit refers to an agreement in which the borrower supplies the lender with
money. goods or services ir return for the promise of future payment
b. In rural areas, the main demand for credit is for crop production
c. Interest rate, collateral and documentation requirement, and the mode of
repayment is called the terms of credit.
d. The credit helps him to meet the ongoing expenses of production, complete
production on time​.

Pls answer correctly...​

Answer 1

Answer :-

All the above answers are absolutely correct except the last one: "d"

=> The credit helps him to meet the ongoing expenses of production, complete production on time.

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Thank you

Answer 2

Answer:

d. The credit helps him to meet the ongoing expenses of production, complete on time.

Explanation:

Hope this helps you.